Patni ties up with Clear Technology

Thursday, 29 June 2006, 07:00 Hrs
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MUMBAI: Global IT service provider Patni Computer Systems Thursday formed a strategic alliance with Clear Technology Inc., a leading U.S. based global software solutions company, to cater to insurance and financial services companies in the U.S., Britain and the Asia-Pacific region.

Under the terms of the agreement, Patni will provide worldwide process consulting and system integration services for Clear Technology's insurance and financial services solutions, a company statement said here Thursday.

"Clear Technology provides software solutions that allow insurance and financial services companies to dramatically reduce operating costs while delivering substantial increase in productivity," it said.

Patni Computer Systems earlier this month acquired U.S. based ZAiQ Technologies, a small ASIC design company, by an asset purchase transaction for $425,000.

The company is buying intellectual property in Application Specific Integrated Circuit (ASIC) design and validation space, active customer contracts and business pipeline along with a sales head and trademarks, including other capital assets like hardware and software, the statement said.

In May 2006, Patni Computer Systems launched Legacyx, a new solution framework aimed at helping insurers develop and implement their legacy renewal strategy.

The Legacyx framework is available now to companies in all-insurance sectors.

In March 2006, Patni Computer Systems signed a multi-service contract with Disney Mobile, a new mobile phone service designed just for families.

"The company will be responsible for development of consumer, retail and operational portals and end-to-end system testing across multiple vendors and technologies utilized by Disney Mobile," it said.

Patni's service lines include application development, application maintenance and support, packaged software implementation, infrastructure management services, product engineering services, business process outsourcing and quality assurance services.
Source: IANS
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